Skip to main content

About your Search

20110701
20110731
LANGUAGE
Search Results 0 to 4 of about 5
ABC
Jul 17, 2011 9:00am EDT
, many deep cuts in spending. there'e'more restraint in or. he made it clear for a big deal, there will have to be balance between revenue and spending. the question is how much can we get done? the president's few is clear. we have to get as much done as we can to give assurance to the market and american people that we have our fiscal house in order. >> if you have to predict, what is the deal that will get done to avoid a deadline, potential catastrophe as we're calling it? >> the minimum, i think the debt is extended. notwithstanding, the voices of a few willing to play with armageddon, responsible leaders in washington or not. our efforts over the next days is, in addition to that, do as much as we possibly can to make the tough decisions. this is a question off leaders coming together and saying, we are going to do hard things on both sides. the president said, if not now, when. >> jack lew, thank you very much for joining us. >> thank you indeed. >> and the parties in a bit of a cooling off period after a contentious series of white house meetings at one point tensions flared. wi
ABC
Jul 24, 2011 9:00am EDT
probing with the white house the possibility of a big deal that would be nearly $4 trillion in deficit reduction and include $800 billion in added tax revenues over the next ten years. if he goes this route, i am told he will face a revolt from his republicans on the house including his fellow leaders including kevin mccarthy, i'm told he is still considering it even though it's risky. >> treasury secretary tim geithner joins me now. he would have to manage the chaos if the united states defaults for the first time in history. secretary geithner, thank you for being here. well, you just heard what jonathan said about what'ss on the table. is it possible that there will be a framework deal in place by 4:00 p.m. this afternoon. >> i hope so. again, both leaders recognize they're running out of time. they need to get this process moving in the house by monday night to achieve that deadline. they need to have a framework that they know with complete confidence will pass both houses of congress and is acceptable to the president and that should happen today. >> you think it can happ
ABC
Jul 3, 2011 9:00am EDT
become a more big picture thing. the tea party arguing the country slipped its constitutional moorings in a wholesale way. >> i believe in the founding father's vision of a limited government. >> it's an argument that income taxes and federal reserve in government guarantee health care and government t tt keeps growing is not all that is intended by the framers of the constitution. the guys whose intellectual garb they honor at rallies, garnering in what they did. we need to go back, but who is to agree what that means? >> we need to reread the constitution and enforce the constitution. there's a little section in there that talks about life, liberty and pursuit of happiness. >> actually that's not constitution, that's declaration of independence. >> drawing on promise and shrine in our constitution, the notion that we're all created equal. >> it's a very slippery slope to cherry picking your favorite golden oldie from the founding fathers and slapping it on political speeches. democrats quote from the founding father bus act like they were omnipotent. >> in paintings, they we
ABC
Jul 10, 2011 9:00am EDT
the big grand compromise the president and congressionaleaders need to negotiate to raise that limit. they're demanding 2 trillion in spending cut bees made to give the president the increase he wants and the democrats any deal to cut spending has to increed an increase in tax revenue. the big question, going into tonight's meeting is whether a smaller deficit reduction deal is possible. both sides are saying it can be done. failure to do it w wld lead to economic meltdown. >> john, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill ley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner did. what's your relakes to the deal nono >> it's very unfortunate the speaker made the comments he has. the president is committed to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can. nobody wants to do the tough things. he's committed to do
ABC
Jul 31, 2011 9:00am EDT
-- >> you're not going to vote for this, are you? >> from a big picture, i'm not ready to vote for this. let me tell you why -- excuse me, george, the bottom line here is, the people who got elected are not excited about being republicans or democrats, they are excited about results. and it is fair to say, we've achieved significant change in the way washington works by paying for the debt ceiling increase and not passing it on to the credit card. we've not achieved entitlement change, we've not reduced the size and scope of government. we're going in the wrong direction at a slower pace and for a lot of people that is not winning. >> you're an internationalist. we talked about all sorts of things like afghanistan. u saw the soldiers yesterday and i asked david plouffe, desperately asking their commander, admiral mullin, whether they will get paid. and he said i can't tell you. >> i can. i can tell them. here's what i would have said, not only are you going to get paid. admiral mullin said the number one national security issue facing this country is debt. and i wish we would have
Search Results 0 to 4 of about 5